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the reason they're all out there, tomorrow spain is going to announce a new budget. you can imagine what's in there. we don't know the specific details, but it means more tax hikes, more budget cuts, more cuts to social spending, cuts we expect in some form or fashion to people's pensions. they're clearly angry. last night it got extremely violent. this morning in athens, also extremely violent for the same reasons. >> david kelly, how closely are you focused on this in terms of putting money to work? how important is this in terms of the investor class? >> i think it is important as you allocate money around the world. it's one of the reasons i would still be under with europe right now. european governments are not dealing with their economic problem. it's so frustrating to watch the ecb do everything right in terms of protecting the banks and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do t
the reason they're all out there, tomorrow spain is going to announce a new budget. you can imagine what's in there. we don't know the specific details, but it means more tax hikes, more budget cuts, more cuts to social spending, cuts we expect in some form or fashion to people's pensions. they're clearly angry. last night it got extremely violent. this morning in athens, also extremely violent for the same reasons. >> david kelly, how closely are you focused on this in terms of putting...
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why are spain and so many european countries still following this obviously failing at the austerity and yesterday julian assigned to address the united nations and discuss the united states continuing investigation of wiki leaks and bradley manning but what's the biggest lesson for journalism of the twenty first century that is songe he's now teaching us. the best for the rest of the news all hell is breaking loose in europe the streets of madrid resemble a war zone of the last few days as thousands of demonstrators took to the spanish parliament demanding that the government resign or been several arrests in injuries as riot police clashed with the demonstrators spain is under immense pressure from billionaires and banks toure's to slash government spending and pay down its deficit but those most affected by this sort of republican like austerity like public sector workers and the young and the unemployed they are having it already spain has the highest unemployment rate in the eurozone which will only get worse with more republican like austerity demonstrators called for a nationa
why are spain and so many european countries still following this obviously failing at the austerity and yesterday julian assigned to address the united nations and discuss the united states continuing investigation of wiki leaks and bradley manning but what's the biggest lesson for journalism of the twenty first century that is songe he's now teaching us. the best for the rest of the news all hell is breaking loose in europe the streets of madrid resemble a war zone of the last few days as...
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moscow this is our municipality of better in catalonia has reportedly proclaimed its autonomy from spain sent. will government it wants its own bank court complete control over its taxes let's get some more on this now and talk i live with a journalist and write him a well and good if the you today how serious do you think is this push for independence well all of us really symbolic this is a very small town less than three thousand people live there but of course puts the item on the agenda the item of independence which is always there in catalonia old country and all those self-governing region and the fact that there's a lot of tension because of economic and political reasons now around catalonia and spain well a transfer of significance when you talk about political tensions and economic issues and all that i mean that's what i was going to come to now because it was just a week ago the catalonia spain's most prosperous states certainly at one time or another has announced that it will seek a five billion euro bailout from madrid i mean it can some say that the crux of the woes her
moscow this is our municipality of better in catalonia has reportedly proclaimed its autonomy from spain sent. will government it wants its own bank court complete control over its taxes let's get some more on this now and talk i live with a journalist and write him a well and good if the you today how serious do you think is this push for independence well all of us really symbolic this is a very small town less than three thousand people live there but of course puts the item on the agenda...
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economy and a fresh round of austerity leave spain in despair. it's not a crime here in moscow you're watching r t with me to say the world's top whistleblower julian a son just found a way to make his own address at the u.n. general assembly from his shelter in the ecuadorian embassy in london he used a video link provided by our teachers speak to the world leaders gathered in new york r.t. self-worth has the details of this unprecedented statement. it's a story this demanded to be heard incessantly r.t. have refused to ignore it having followed every detail of julian assange just case from the very beginning we last night the un listened as the wiki leaks founder delivered his impassioned appeal to see the un to the people who were gathered there calling on the u.s. to end its persecution of wiki leaks and of the man himself now he spoke via satellite link from the ecuadorian embassy in london where he's being for more than three months now as he fights his extradition he just the u.n. assembly in the great gather there are t. were exclusively
economy and a fresh round of austerity leave spain in despair. it's not a crime here in moscow you're watching r t with me to say the world's top whistleblower julian a son just found a way to make his own address at the u.n. general assembly from his shelter in the ecuadorian embassy in london he used a video link provided by our teachers speak to the world leaders gathered in new york r.t. self-worth has the details of this unprecedented statement. it's a story this demanded to be heard...
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well the political situation in spain and in the rest of europe with regards to spain is quite precarious spain theoretically would be eligible for what the eurozone is calling a precautionary credit line he worried here being precautionary you take it you take this assistance you to commit to certain conditions and certain reforms and fiscal adjustment but if you take it that or it becomes an emergency so that there isn't an emergency the spammers are finding it very hard to go for that option they're saying we are going to do all that we're going to do all the hard work we're going to push through our project we're going to push through structural reforms but we're going to do it of our own volition we're not doing it because the creditors are asking us to that makes it easier to sell to the spanish population although it will be very painful but also this madrid seems to want to wait until it becomes absolutely necessary to ask for a bailout and the prime minister money out of that hole he said so in an interview with the wall street journal published today he said. if it bahrain is to
well the political situation in spain and in the rest of europe with regards to spain is quite precarious spain theoretically would be eligible for what the eurozone is calling a precautionary credit line he worried here being precautionary you take it you take this assistance you to commit to certain conditions and certain reforms and fiscal adjustment but if you take it that or it becomes an emergency so that there isn't an emergency the spammers are finding it very hard to go for that option...
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well the most recent prize or the crisis first to come is this thursday when spain is issuing bonds worth three and a half billion euro and it's quite obvious that no one in the in the private market wants to buy these bonds at least not for the in interest rate which is regarded this as within the frame of what is acceptable for for spain so now the e.c.b. is gone and once again by these bonds and that's the major discount point of discussion here right now between of course the germany and other of the major contras whether it's a stable policy so have a have these be constantly buying up the bonds which nobody in the free market wants basically that's just a a a sign of the illness of the euro that the economies are so unstable that you would need to have a possibly foundation like the c b to support the economies which needed normally in a normal economy they would simply be refinancing their debt on the private market but it doesn't work in the euro zone and they have causes the major concerns of those people who have invented this thing now bulgaria is the latest country to put on h
well the most recent prize or the crisis first to come is this thursday when spain is issuing bonds worth three and a half billion euro and it's quite obvious that no one in the in the private market wants to buy these bonds at least not for the in interest rate which is regarded this as within the frame of what is acceptable for for spain so now the e.c.b. is gone and once again by these bonds and that's the major discount point of discussion here right now between of course the germany and...
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streets of athens turned to a battlefield has tens of thousands been that rage over also recently while spain may lose its biggest region cut to libya because of the financial times more. international news life or mosco this is all she with me thanks for joining us it's no surprise to see where has been the most heated they share addressed at the u.n. general assembly meeting in new york and britain was added to the voices that calling for the removal of their regime that's while the recent deadly blasts carried out by the rebels in damascus have remained largely ignored by the international community. has been following the second day of the high profile gathering for us. the prime minister britain addressed the general assembly a centrally reiterating a conversation that began by u.s. president barack obama and the french president just twenty four hours ago the u.s. and its western allies are very much pushing for or charlotte the president of syria to step down they've all said in different words that his time to go is now and that he and his government do not belong in the international
streets of athens turned to a battlefield has tens of thousands been that rage over also recently while spain may lose its biggest region cut to libya because of the financial times more. international news life or mosco this is all she with me thanks for joining us it's no surprise to see where has been the most heated they share addressed at the u.n. general assembly meeting in new york and britain was added to the voices that calling for the removal of their regime that's while the recent...
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than all the regions in spain i mean spain is not a federal country but it's close to that i mean they're very autonomous regions so they have a huge margin of policy there to maneuver large. maneuver space and so. looking for so you seen the no spain a studio so in the country you see much lower. unemployment rates as you said before thing you mention that was twenty five percent over the country but unemployed people workers and if you look at the north of spain it's more around ten your percent is huge difference and this is a strange correlation between that imposes that they carry on in those with spain there they're not implementing a stereo image is the same way they doing other regions of course they're limited by what the government is doing but they're much more generous in their local one first thing in their employment benefits and in the end in the pensions. and i think. that has managed to absorb some of the damage made by the crisis and that's why we don't see so much of an employment i think it should be something a something to follow yeah there's a loss and there's absol
than all the regions in spain i mean spain is not a federal country but it's close to that i mean they're very autonomous regions so they have a huge margin of policy there to maneuver large. maneuver space and so. looking for so you seen the no spain a studio so in the country you see much lower. unemployment rates as you said before thing you mention that was twenty five percent over the country but unemployed people workers and if you look at the north of spain it's more around ten your...
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and spain's richest and most prosperous region catalonia strikes for independence as a disintegrating economy and a government accused of being aloof we leave spaniards in a state of despair. thanks so much for joining us here on r.t. today i'm real research and life in moscow the world's top whistleblower julian songe found a way to make his own address at the un general assembly for me as a shelter in the ecuadorian embassy in london he used a video link provided by r.t. to speak to the world leaders gathered in new york sarah ferguson details of this unprecedented statement. it's a story that the mounted to be heard incessantly alte have refused to ignore it having followed every detail of julian assange says case from the very beginning were last night the un listened as the wiki leaks founder delivered his impassioned appeal to the c.e.o. and to the people who were gathered there calling on the u.s. to end its persecution of wiki leaks and of the man himself now he spoke via satellite link from the ecuadorian embassy in london where he's been for more than three months now as he
and spain's richest and most prosperous region catalonia strikes for independence as a disintegrating economy and a government accused of being aloof we leave spaniards in a state of despair. thanks so much for joining us here on r.t. today i'm real research and life in moscow the world's top whistleblower julian songe found a way to make his own address at the un general assembly for me as a shelter in the ecuadorian embassy in london he used a video link provided by r.t. to speak to the world...
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on news of that mega rich squabble over billions in london might not go down well in crisis hit spain cash hard to come by and one in four is now out of the job according to the latest figures from europe stat more on that in a few minutes. also ahead acting in bad faith we explore the reasons behind an unprecedented rise of islamic extremism in russia following a series of assassinations of moderate one player x. . mitt romney officially accepted his nomination as republican candidate presidential candidate this week as he did so he slammed his rival barack obama saying his handling of foreign affairs was poor romney said a much tougher stance must be taken towards some countries including russia but critics have questioned much of what was said going to chicken explains. mitt romney is now officially barack obama's opponent for the white house and he's talking tough throwing rocks well verbal rocks not only the president but also nations at the republican convention where he accepted his nomination mr romney did not fail to once again highlight his any masorti towards russia he crit
on news of that mega rich squabble over billions in london might not go down well in crisis hit spain cash hard to come by and one in four is now out of the job according to the latest figures from europe stat more on that in a few minutes. also ahead acting in bad faith we explore the reasons behind an unprecedented rise of islamic extremism in russia following a series of assassinations of moderate one player x. . mitt romney officially accepted his nomination as republican candidate...
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a tank an economy rampant unemployment and a fall public mood it may not be the worst of spain's troubles that the lumia its riches and most prosperous region once out its leaders saying if he wins a snap elections next month you'll fall through a referendum on independence archies jake agrees look said what the rush is about. the regional elections being held in catalonia will be seen as a de facto referendum on independence from madrid and from essential lies government and that's largely down to who's running on the ballot paper we have present our soul mass regional head he's been calling for greater independence if he proves popular on the day of voting for them that could really reflect on how popular the issue of independence is has always been the simmering sentiment when it comes to this national debate between highlighted somewhat given the current economic conditions and economic plight in spain catalonians feel that they've been hard done too that they give more to madrid in terms of the budget about twelve billion euros more on an annual basis when they ever receive back also
a tank an economy rampant unemployment and a fall public mood it may not be the worst of spain's troubles that the lumia its riches and most prosperous region once out its leaders saying if he wins a snap elections next month you'll fall through a referendum on independence archies jake agrees look said what the rush is about. the regional elections being held in catalonia will be seen as a de facto referendum on independence from madrid and from essential lies government and that's largely...
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this is not anymore possible spain belongs to the european union the european union want. the spanish state to act violently against democratic movements such as the catalan movement anyway it would be nice to hear that our forces is the king kong the last to see something unknown and to declare that they are not going to use violence that would be nice but still like this threats are not credible we think that you know it is not possible that despite mission. uses force. lewsey a professor of economics at the university of barcelona thanks for coming on r.t. today. thanks thanks. by catching catching up with the clashes in madrid over the past two days or you can check out the full video archive at our dot com certainly some pretty serious pictures to show you that we've called two days of the mass rallies made up of tens of thousands of video and opinion on the ensuing violence between demonstrators and police some clashes according to some of the people there were engineered and goaded by authorities themselves. are now u.s. presidential candidate mitt romney has raised
this is not anymore possible spain belongs to the european union the european union want. the spanish state to act violently against democratic movements such as the catalan movement anyway it would be nice to hear that our forces is the king kong the last to see something unknown and to declare that they are not going to use violence that would be nice but still like this threats are not credible we think that you know it is not possible that despite mission. uses force. lewsey a professor of...
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news of that mega rich court battle over billions in london might not go down so well in crisis hit spain where one in four out of work or figures from that expert opinion more on that in just a few minutes. and two hundred years after a battle when russia fought against the invasion of napoleon and. a defeat for justice that's how a u.n. official branded the verdict by an israeli court clearing the military of any blame for the death of us activist rachel corrie she was run over by an army bulldozer in two thousand and three the twenty three year old was taking part in a protest against the demolition of palestinian homes in gaza but the judge ruled it was an accident brought on by cory's own actions human rights groups have criticized the decision fearing the case sets a dangerous precedent that will allow israel defense forces to operate with impunity journalist tom dale witnessed cory's death and claims he's sure the driver killed her on purpose is tremendously just pointing out on the basis of what i saw on that day in two thousand and three it's absolutely not possible to characteri
news of that mega rich court battle over billions in london might not go down so well in crisis hit spain where one in four out of work or figures from that expert opinion more on that in just a few minutes. and two hundred years after a battle when russia fought against the invasion of napoleon and. a defeat for justice that's how a u.n. official branded the verdict by an israeli court clearing the military of any blame for the death of us activist rachel corrie she was run over by an army...
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percent the highest jobless rate since one thousand nine hundred five the worst affected country is spain where a quarter of the population is now out of work journalist and author miguel on home says that current economic policy isn't bringing a resolution of the crisis any closer we haven't really tackled a problem with the eurozone we just have a program of zero study for all the different countries to reduce the deficit very certainly not and also it's not working he says actually growth which he says an even worse problem and we are in the midst of a recession certainly here in spain and very soon in many other european countries so unless we have a clear idea of how to reform the euro now we are not in detroit but it's not just the economic crisis it's also the economic policies spain he's. now performing a very harsh agenda of a study to cats and that he's actually biting all sectors of his funny economy and the problem is that he's not working it's not bringing down the deficit which is the main targets and then as i say he's damaging all the aspects of spain's economy . and we'll
percent the highest jobless rate since one thousand nine hundred five the worst affected country is spain where a quarter of the population is now out of work journalist and author miguel on home says that current economic policy isn't bringing a resolution of the crisis any closer we haven't really tackled a problem with the eurozone we just have a program of zero study for all the different countries to reduce the deficit very certainly not and also it's not working he says actually growth...
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spain, the same. italy. there is a pattern here. america, 11,000 to 12,000 a year. this country has more guns than anybody else. and more gun murders. >> yeah. >> it's inarguable, isn't it? >> not at all. >> it is. >> because i was in the philippines physically the day ferdinand marcos declared marshal law and made himself a dictator. the first thing that dictator did, he gave the people of the philippines two weeks to turn in all their guns or it was the death penalty. now why would a dictator do that? why would he make his number one priority when he took over as dictator to disarm the public? the second amendment is there so -- it was put in there not for hunting and fishing like they like to say. because back when they did it, if you didn't hunt or fish, you didn't eat. it was put in there so the citizens would have the ability if their government became oppressive they could defend themselves against oppressive government. i think that overrules all the gun deaths. let's remember something. a gun is simply a tool. i have a gun safe at home. i've never come home
spain, the same. italy. there is a pattern here. america, 11,000 to 12,000 a year. this country has more guns than anybody else. and more gun murders. >> yeah. >> it's inarguable, isn't it? >> not at all. >> it is. >> because i was in the philippines physically the day ferdinand marcos declared marshal law and made himself a dictator. the first thing that dictator did, he gave the people of the philippines two weeks to turn in all their guns or it was the death...
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fling growth which is an even worse problem and we are in the midst of a recession certainly here in spain and very soon in many other european countries so unless we have a clear idea of how to reform the euro no we are not tuned in to good troat but it's not just the economic crisis it's also the economic policies spain is he said it is now performing a very hard agenda of austerity cuts and that is actually biting all sectors of the spanish economy and the problem is that is not working is not bringing down the deficit which is the main targets and then as i say he's damaging all the aspects of spain's economy we'll have more on the eurozone crisis next hour including an attempt to tap into the time of well german chancellor angela merkel tries to and will be seen as the billions to prop up the eighty euros a. and to while the politicians are working out a way to keep the single currency afloat back in germany be told to doit's proving to have more than just sentiment pull back. the u.k. sounding the alarm over illegal immigration promising to take tough measures and create a hostile en
fling growth which is an even worse problem and we are in the midst of a recession certainly here in spain and very soon in many other european countries so unless we have a clear idea of how to reform the euro no we are not tuned in to good troat but it's not just the economic crisis it's also the economic policies spain is he said it is now performing a very hard agenda of austerity cuts and that is actually biting all sectors of the spanish economy and the problem is that is not working is...
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while news of that mega rich a squabble over billions in london might not go down well in crisis hit spain is hard to come by and one in four is now out of a job this is according to the latest figures from your a stat that in just a few minutes. and two hundred years of sick leave that fall when russia fought against every invasion of napoleon enthusiasm really actually the last. a defeat for justice that's how you win official war branded a verdict by an israeli court to that cleared the military of any blame for the death of you was activism rachel corrie she was a run over by an army bulldozer in two thousand and three the twenty three year old was taking part in a protest against the demolition of palestinian homes in gaza but the judge ruled that her death was an accident and that she had brought it on to herself the verdict sparked a wave of concern among human rights groups who fear the case will set a dangerous precedent and allow israel to escape responsibility journalist tom dale witnessed cory's death and says he's sure the driver killed her on purpose. it's tremendously just p
while news of that mega rich a squabble over billions in london might not go down well in crisis hit spain is hard to come by and one in four is now out of a job this is according to the latest figures from your a stat that in just a few minutes. and two hundred years of sick leave that fall when russia fought against every invasion of napoleon enthusiasm really actually the last. a defeat for justice that's how you win official war branded a verdict by an israeli court to that cleared the...
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that you're talking about plenty of bad news to be worried about i mean a in terms of the euro zone spain on monday will request formally its bailout now there's discussion again of directly bailing out the banks so that it doesn't go through spain so that spanish borrowing costs don't become unsustainable so it's just one thing after another kicking the can down the road to use a total cliche but but it does summarize what's happening so what is someone to do to protect themselves from an investment standpoint i know you're so bullish on gold. you know again i don't give investment advice i you know i keep buying gold friend of mine has a great strategy you boys gold every month gold and silver he buys a little every month that equals out why would anybody get into the dollar what's so great about the dollars i look at it as i say you know getting out of the euro into the dollar is like jumping out of the lusitania to save takes a board boards on the titanic though this thing is going down it's a global crisis look at the numbers again you go through this week's data it whether it's hous
that you're talking about plenty of bad news to be worried about i mean a in terms of the euro zone spain on monday will request formally its bailout now there's discussion again of directly bailing out the banks so that it doesn't go through spain so that spanish borrowing costs don't become unsustainable so it's just one thing after another kicking the can down the road to use a total cliche but but it does summarize what's happening so what is someone to do to protect themselves from an...
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well the news of that mega rich squabble over billions in london my not go down well in crisis his spain eyecatching hard to come by and one and only is now out of a job this is according to the latest figures from your stats on that in a few minutes. and two hundred years after the key battle when the russia fought against the invasion of napoleon's c.s.o. relaxing the scratch. a deceit of justice that's how a u.n. official brenda's a verdict by an israeli court or they cleared the military of any blame for the death of u.s. activists rachel corrie she was run over by an army bulldozer in two thousand and three the twenty two year old was taking part in a protest against the demolition of palestinian homes in gaza but the judge ruled that her death was an accident and that she had brought it on herself the verdict sparked a wave of concern among human rights groups who the other case will set a dangerous precedent and allow israel to escape responsibility journalists a tom dale witness cory's a dep and says sure the driver killed her on purpose. is tremendously just pointing out in the
well the news of that mega rich squabble over billions in london my not go down well in crisis his spain eyecatching hard to come by and one and only is now out of a job this is according to the latest figures from your stats on that in a few minutes. and two hundred years after the key battle when the russia fought against the invasion of napoleon's c.s.o. relaxing the scratch. a deceit of justice that's how a u.n. official brenda's a verdict by an israeli court or they cleared the military of...
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folks, you know i rarely pay attention to news from spain, paella guidi, trampled by a pack of wolves, what is there to know. like many of you is with intrigued by this recent piece of news from the small town of borja. >> in spain a century old art fresco of christ was in need of repair so an amateur art restore never our 80s took it upon herself to try to fix it. >> here's the fresco by the 19th century artist elias garcia martinez before, and after the patchup job. >> stephen: i can't tell the difference. (laughter) which one did the old lady paint? is it the naturallistic portrait of the son of god evoking the agony of the passion or the doe faced how many uj-- how many ung lus both have their charm. here is what happened she spotted a work of art in disrepair and showed a certain can-do attitude about things she clearly cannot do. now you might say my kid could paint that. but not if your kid has ever seen a human face. (laughter) this alpha dog wasn't afraid to leave her mark on the art world, even though a local foundation had just received a donation from the painters granddau
folks, you know i rarely pay attention to news from spain, paella guidi, trampled by a pack of wolves, what is there to know. like many of you is with intrigued by this recent piece of news from the small town of borja. >> in spain a century old art fresco of christ was in need of repair so an amateur art restore never our 80s took it upon herself to try to fix it. >> here's the fresco by the 19th century artist elias garcia martinez before, and after the patchup job. >>...
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. >>> spain is set to announce the 2013 budget today. expected to include deep public service cut yakz trying to off set one of the worst deficits in the euro zone. outrage over austerity measures touched off violent prosts in several couriesleentays acss ro s a ek at the markets as we get all up in your business this morning. karen cho is live in london. good morning. >> good morning. the key question for markets is when spain will request a formal bailout which puts a lot of pressure on today's ne conferce. get close look at the 2013 budget. what revenue and spending is going to look like? you mentioned froests on the streets. this tells you how difficult it at home for the prime minister to push through further austerity. there will be more austerity and more o tab tay th sshrime minister tries to push the measure that these are homespun, homegrown reforms rather than ones pressured about it euro zone. in terms of what to expect should be a new tax oversight body. we'l hear news about that limitations onartint wese t across the euro z
. >>> spain is set to announce the 2013 budget today. expected to include deep public service cut yakz trying to off set one of the worst deficits in the euro zone. outrage over austerity measures touched off violent prosts in several couriesleentays acss ro s a ek at the markets as we get all up in your business this morning. karen cho is live in london. good morning. >> good morning. the key question for markets is when spain will request a formal bailout which puts a lot of...
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folks in spain and greece, that's happening. look at these crowds. this is about a lot more than haircuts. the government proposing huge spending cuts in tax hikes to try to avoid a bailout. first, greece, protesters throwing firebombs and molotov cocktails today and unions went on strike to protest shrinking paychecks and rising retirement ages. here's the catch. the u.s. is facing similar tough choices. we racked up a crimintrillion d in debt this year. the u.s. is frozen, punting the fiscal football until after the election. let's bring in jim bolden from london. you've been covering europe's financial crisis. it is not just about math. this is about people, their futures, their lives. what are the lessons that the u.s. can learn here? >> the lesson any country can learn really is to do the budget c cuts. if you're going to do them while you're not in recession, while the markets aren't forcing you to do it. what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be a
folks in spain and greece, that's happening. look at these crowds. this is about a lot more than haircuts. the government proposing huge spending cuts in tax hikes to try to avoid a bailout. first, greece, protesters throwing firebombs and molotov cocktails today and unions went on strike to protest shrinking paychecks and rising retirement ages. here's the catch. the u.s. is facing similar tough choices. we racked up a crimintrillion d in debt this year. the u.s. is frozen, punting the fiscal...
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Sep 15, 2012
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spain and italy want tent next tax breaks for churches to pay down debt. plus, they say, it is already creating a wholly of poor. selling, those offending. you will never be forgiven by god and we will never hear your confession. we are not happy about it. meanwhile, protesters in the middle east. that unrest is not stop at all. angry crowds are forming. protesters are still protesting. let's get oil, still rising. melissa frances back from the state it -- strait of hormuz. if the unrest continues oil is going to go a lot higher. just the type of scenario. we are worried about that. >> and it is a perfect storm because we are looking at what the fed did this week which on the, you know, and place the value of the dollar. you need more dollars in order to buy oil. and then this unrest is exactly what everyone in the region is worried about. at the same time the head of the international energy agency is in the price of oil where it is right now is unbearable. it is going to translate to prices at the pump and stall the recovery. so this, it is becoming a cr
spain and italy want tent next tax breaks for churches to pay down debt. plus, they say, it is already creating a wholly of poor. selling, those offending. you will never be forgiven by god and we will never hear your confession. we are not happy about it. meanwhile, protesters in the middle east. that unrest is not stop at all. angry crowds are forming. protesters are still protesting. let's get oil, still rising. melissa frances back from the state it -- strait of hormuz. if the unrest...
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talking about greece today what's greece two percent of the eurozone and now tomorrow it's going to be spain next week it's going to be italy a couple weeks later the u.s. say go back to last story remember they downgraded the dead here yeah absolutely. and we're coming up to another debt ceiling debate so you're pointing to this cascading effect if it's not greece it's just going to be someone bigger tomorrow to steal the headlines with the same problem on top of that we have this global slowdown that you're talking about plenty of bad news to be worried about i mean in terms of the euro zone spain on monday will request formally its bailout now there's discussion again of directly bailing out the banks so that it doesn't go through spain so that spanish borrowing costs don't become unsustainable so it's just one thing after another kicking the can down the road to use a total cliche but but it does summarize what's happening so what is someone to do to protect themselves from an investment standpoint i know you're still bullish on gold. you know again i don't give investment advice i keep
talking about greece today what's greece two percent of the eurozone and now tomorrow it's going to be spain next week it's going to be italy a couple weeks later the u.s. say go back to last story remember they downgraded the dead here yeah absolutely. and we're coming up to another debt ceiling debate so you're pointing to this cascading effect if it's not greece it's just going to be someone bigger tomorrow to steal the headlines with the same problem on top of that we have this global...
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Sep 25, 2012
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we had the protesting happening in spain. we had worries about earnings for the third quarter because the quarter ends this week. and it all relates in a triple digit loss for the dow industrials. nasdaq gave up 43 points and the s&p 500 down 15. that will do it for me on the "closing bell." i hope you'll follow me on twitter and on google plus. stay right there because "fast money" is up next.
we had the protesting happening in spain. we had worries about earnings for the third quarter because the quarter ends this week. and it all relates in a triple digit loss for the dow industrials. nasdaq gave up 43 points and the s&p 500 down 15. that will do it for me on the "closing bell." i hope you'll follow me on twitter and on google plus. stay right there because "fast money" is up next.
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Sep 27, 2012
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that followed similar scenes in madrid, spain overnight. and two bombings rocked syria's army command center in damascus. four guards were killed. why does russia use its veto power at the u.n. so frequently? hari sreenivasan explains. >> sreenivasan: it's part power struggle, part philosophy, according to former secretary of state madeleine albright and notre dame professor george lopez. they weigh in on the rundown. visit an open-air market in zambia through a slideshow on our world page. it's part of our partnership, called "food for 9 billion," with american public media's all that and more is on our web site: newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll look at the campaigns using video games to get out the vote. i'm gwen ifill. >> woodruff: and i'm judy woodruff. we'll see you online and again here tomorrow evening. thank you and good night. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was
that followed similar scenes in madrid, spain overnight. and two bombings rocked syria's army command center in damascus. four guards were killed. why does russia use its veto power at the u.n. so frequently? hari sreenivasan explains. >> sreenivasan: it's part power struggle, part philosophy, according to former secretary of state madeleine albright and notre dame professor george lopez. they weigh in on the rundown. visit an open-air market in zambia through a slideshow on our world...
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>> the plan, you look at spain, bulling $100 billion out of that country this week, 46 million people in the united states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possi
>> the plan, you look at spain, bulling $100 billion out of that country this week, 46 million people in the united states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that...